Alert: Rating Downgrade (7/29/22)-Enphase Energy Inc (NASDAQ: ENPH).


Stock Rating Downgrade

The Value Trend Rating for Enphase Energy Inc (NASDAQ: ENPH) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.


Recent Price Action

Enphase Energy Inc (NASDAQ: ENPH) stock enjoyed a large increase of 3.6% on 7/29/22. The stock closed at $284.18. Moreover, trading volume in this advance was unusually high at 174% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 29.3% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, ENPH is expected to continue to be a major Value Builder.

Enphase Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Enphase Energy has a very low Appreciation Score of 6 but a good Power Rating of 75, with the Low Neutral Value Trend Rating the result.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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